The US$1.2bn acquisitional financing of five gas power stations as well as a 54 kilometre gas pipeline for a group of associated companies in Mexico – all subsidiaries of Mitsui & Co and Tokyo Gas – is a sign of a resurgence in the Asia-Pacific project finance market and overseas acquisitions by Japanese utilities and trading companies.
Sicangco, Herbert Smith, ACCRA Law and Bakers have acted on the sale of BG Group’s indirectly held 40% stake in the Santa Rita and San Lorenzo natural gas-fired power plants in the Philippines to Korea Electric Power Corporation (KEPCO) for a net consideration of US$400m.
Rafael Morales has been elected as managing partner of Philippines firm SyCip Salazar Hernandez & Gatmaitan, succeeding Llewellyn Llanillo, who retired as a partner of the law firm last year.
Former ACCRA law partner Norbeto Geraldez has been appointed as presiding justice a Philippines court that deals with matters relating to official corruption
The recent move by Korean firm Woo Yun Kang Jeong & Han to condense its name to Yulchon should be commended. The firm's name was previously more of a memory test than a moniker.
The Philippine legal market is still dominated by three big local firms, but an exciting group of smaller players is emerging from the shadows.
ALB is proud to announce the finalists for this year's SE Asia Deals of the Year Awards, which will be held at the Marina Mandarin in Singapore on 2 June